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CONDOMINIUM RIDER 84 -006788 THIS CoNDOMINIUM RIDER. is made dlis ............:?~1;h.......... day of ..........~................................ l'..Jl4~ ud is incorporated imo ud shall be deemed to amemI ud suppIcmem the Mortpee. Deed of Trust oc Security Deed (the "Socurity I~") of the same datesi- by die UDdeniped (the "Bonower") to secure Bocrowc:r's Note to .............-. ...............~tMIY..~..~..~..~......................................................................................(the..Lmder") of the same date and coverinsthe Property descrRIed in the Security IRStrIIment ud located at: ...........t~9.7.LW9...~rtn..~..$.~.....~~....~..~6Ql................................................ The Pnlperty includes II unit in, tocether with an undiviclcd interest in the common elements of. a oaadomiaium pRjclct blown lIS: THE Y1R::EY O:NDiINIl1M .................................m..m....................................[N8me..Oi..co;~..~r............................................................................ (the "Condominium Project"). If the owners lISllOciation oc other entity which acts foe the Condominium Project (the "'OYmers Association") bokts title to property for the benefit oc lIlie of its members oc shareholdeTs. the Property also includes Borrower's interest in the Owners Association and the uses, proceeds and benefits of Borrower's interest. CoNooMlllt'WM Co\'E!'iANTS. In addition to the covmants and agreements made in the Security Instrument. Borrower and Lender further covenant and agree lIS follows: A. CoMolIIiIIiaa 0hIipti0u. Borrower shall perfonn all of Borrower's obligations under tbe Coodominium Project's Con5tituent Documents. The "Con5tituent Documents" are the: (i) Declaration or any other document wmch cn:atcs the Condominium Project; (iil by-laws; (iii) code of regulations; and (iv) other equivalent documents. Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. &. Haunl~. So long liS the Owners Association IMintains. with a generally accepted insurance carrier, a "mlIster" or "blanket" policy on thc Condor{.inium Project WhlCh IS satisfactory to Lender and which provides inSW'lUlCe cover&IC in the amounts, for the periods. and against the hllZllrds Lender requires. including fire and hazards included ,..;thin thetenn "extended coveragc," then: (il Lender waives the provision in Uniform Covenant 2 for the monthly paymeiltto Lender of one-twclfth of the vearlv t)l'emium installments for hazard insurance OIllhe Propertv: and (ii) Borrower's obligalion under Unifonn Covenant 510 maintain hazard insurance coverage on lhe Property is deemed satisfied to the ell.tent that the required coverage is provided by Ihe Ov.'Iler5 As.~ation policy. Borrower shall gi\'e Lender prompt notice of any lapse In required hazard insurance coverage. in the event of a distribution of hazard insurance proceeds in lieu of restoration or repair follo\\'ing a loss to the Property. whether 10 the umt or to common elements. auy proceeds payable to Borrower are hereby assigned and shall be paid 10 Lender for application to Ihe sums secured by the Security Instrument. with any excess paid to Borrower. C. PuhIic LiIIIIiIity 18HI1IIICe. Borrower shaU take such actions as may be rCll.!iOllllble to insure that the o..'Iler$ Association maintains II public liability insurance policy acceptable in form. amount. and extent of co\'erage to Lender. D. CuRllI...". The proceeds of any award or claim for damages. direct or consequential. pllyable to Borrower in connection witllllily condemnation or other taking of aU or any part of the Property. whether "fthe unil or of the common dements. or for any conveyance in lieu of condemnation. are hereby assigned and shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security instrument lIS provided in l1niform Covenant 9. E. lAmder's Prier c-t. Borrower shall not. cxcept after notice 10 Lender and with lender's pnor written consent. either partition or subdivide the Propcny' or COIl5Clllto: (i) the abandonment or termination of the Condoltumum PrOJeCt. except for abandonment or termmatlolJ required by law in the case of substantial destruction by lire or other casualty or in the case of atllking by condemnation or eminent domain; (ii) any amendment to any provision of the C.onstituent Documents if the provision is for the express bendit of Lender; (ui) tentlination of profesl>lonal manllllement and allSUmption of self-management of the Owners ASlOOCiation; or (iv) any action which would have thc el'ect of rendering the publ;.; liability insurancc coverage maintained by' the 0wtIcrs AMOCiation I.ltllICCeptablto Lender. F. R!lIuj(u If Borrower does not pay condominium dues and usessmenls when due. then lender may pay Ihem. AD)' _tli dilIbuned by Lender under this plIfllBfapb F shall become additional debt of Borrower _~ured t>y Ihe &x~unty I~t. Unlell!; Borrower and Lender agree to 01 her tenm of payment. these amounts shall bear interest from I be date of lIi.ulWIDCIlIt allhe Note rllte and shall be payable. with interest. upon notice from Lender 10 Borrower requestmg J'II~'menl. IV SwNtNG BELOW. Borrower accepts and agrees to the terms and provisions cOfltained In thiS Coodnmllllum Rider. (Seal) t!or~ l flUUlITAtl C<mDOMlUtUM IUCKIll-.*"fiP f@""'v,f'....,I'mMC UfetfOMll 11<I$1'''.-NT f()tffi ,ll4Q l: dB ~ ~,l'HfI Uf 1"~lt;.f4 AWffI H,)#_~ ,'fli..1\,'11O I ..J